Programs

About Calgary Foundation:

The Calgary Foundation (TCF) provides grants to qualified donees for the purpose of relief of poverty, advancement of education, advancement of religion, as well as faith, health, arts, cultural, environmental, animal welfare, heritage preservation, recreational, and other community-based organizations that work to improve civic engagement in Calgary and the surrounding area.

Ongoing granting programs include Community, Neighbour, Donor-advised, Designated, Proactive, Stepping Stones, and Organization Development and Transformation Grants, plus Student Awards, and Managed Fund Grants. Ongoing community initiatives include convening individuals and organizations to focus on common charitable issues that deal with seniors, marginalized populations, mental health, arts and heritage, the environment, community development, engaging citizens, strengthening the capacity of the charitable sector, and promoting philanthropy.

Notice to Donors: Charity Intelligence initially reported on community foundations given the large size of donations these foundations receive. In subsequent research and discussions with community foundations, their operating model does not fit with Charity Intelligence's analysis. Community foundations have significantly different cost structures, invested funds, and results that are not comparable with other charities. Donors looking to establish funds within community foundations should assess: 1. prior investment return track records, 2. restrictions on how much is paid out of funds each year to charities (the payout ratio maximum and minimum), 3. the quality of research provided in helping donors grant to charities, and 4. annual fees. Community foundations can provide services making giving easy, as do other financial service providers. Donors should talk with their financial advisor.

Charity Intelligence can update this report on Calgary Foundation, if there is sufficient donor interest.

Finances

TCF received $31m in contributions in F2010. Administrative costs are 11% of revenues and fundraising costs are 0.5% of donations. It has funding reserves of $334m (including $260m in externally-endowed and managed funds) which cover annual grants and program costs over 11 times.

Financial Review

Financial Ratios

Fiscal year ending March

2010

2009

2008

Administrative costs as % of revenues

11.2%

19.0%

7.9%

Fundraising costs as % of donations

0.5%

1.4%

0.8%

Program cost coverage (%)

0.0%

0.0%

0.0%

Summary Financial Statements

All figures in $000s

2010

2009

2008

Donations

31,054

19,658

45,854

Investment income

19,943

14,620

21,899

Other income

130

155

185

Total revenues

51,126

34,432

67,938

Grants

28,782

22,369

32,728

Administrative costs

3,500

3,769

3,645

Fundraising costs

141

278

348

Cash flow from operations

18,704

8,017

31,218

Funding reserves

333,674

272,802

325,809

Note: Ci has excluded unrealized gains and losses, and reversed deferred flow-through grants payable, decreasing revenue by $44m in F2010, increasing revenue by $59.4m in F2009, and increasing revenue by $31.1m in F2008.

Salary Information

Full-time staff: 20

Avg. Compensation: $74,233

Top 10 staff salary range:

$350k +

0

$300k - $350k

0

$250k - $300k

0

$200k - $250k

1

$160k - $200k

0

$120k - $160k

1

$80k - $120k

3

$40k - $80k

5

< $40k

0

Information from most recent CRA Charities Directorate filings for F2010

The information in this report was prepared by Charity Intelligence Canada and its independent analysts from publicly-available information. Charity Intelligence Canada and its analysts have made endeavours to ensure that the data in this report is accurate and complete but accept no liability.

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